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1. The Stopperside Wardrobe Co. just paid a divided of $1.45 per share of its stock. The dividends are expected to grow at a constant

1. The Stopperside Wardrobe Co. just paid a divided of $1.45 per share of its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 11% return on The Stopperside Wardrobe Co stock, what is the current price? What will the price be in three years? 15 years?

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